Eternal: Shaping the Future of Wellness for Lifelong Athletes

Deal News | Jan 14, 2025 | Courtside Ventures

Eternal: Shaping the Future of Wellness for Lifelong Athletes

Courtside Ventures is investing in a burgeoning trend within the healthcare sector: prevention-based wellness and wellness for athletes. Alongside Lightspeed Venture Partners, they are co-leading a $13 million seed funding round for Eternal, a healthcare startup focused on lifelong athletes. Founded by Alex Mather, Eternal seeks to integrate the dual aspects of sports activity and wellness by providing specialized health services to athletes through a membership model. The startup is initially targeting runners, cyclists, and triathletes and plans to launch its services in San Francisco and New York City in 2025. This strategic investment aligns with the growing consumer shift toward wellness, underscoring the potential profitability in prevention-based health services as they become increasingly prioritized by health-conscious consumers.

Sectors

  • Healthcare & Wellness
  • Sports & Fitness
  • Venture Capital

Geography

  • United States – The healthcare service, Eternal, will initially launch in San Francisco and New York City, indicating US-specific market entry and expansion.

Industry

  • Healthcare & Wellness – The article focuses on the growing trend of wellness and preventative care, highlighting the significant investment in wellness-focused healthcare services aimed at athletes.
  • Sports & Fitness – Eternal's focus on providing health and training solutions to athletes showcases a crossover between sports and wellness, essential for personalized athletic care.
  • Venture Capital – Courtside Ventures' investment in Eternal highlights the role of VC in fostering growth for innovative startups in burgeoning sectors like wellness.

Financials

  • $13 million – The amount raised by Eternal in its seed funding round co-led by Courtside Ventures and Lightspeed Venture Partners.

Participants

NameRoleTypeDescription
EternalTarget CompanyCompanyA healthcare service provider focused on lifelong athletes, offering tailored wellness and performance solutions.
Courtside VenturesLead InvestorCompanyA venture capital firm investing in early-stage companies, particularly in areas intersecting sports and wellness.
Lightspeed Venture PartnersCo-Lead InvestorCompanyA global venture capital firm that co-led the investment in Eternal.
Alex MatherFounderPersonFounder of Eternal and co-founder of The Athletic, with experience in sport-related ventures.
Founders FundInvestorCompanyA venture capital firm that participated in the funding round for Eternal.
Next VenturesInvestorCompanyVenture capital firm contributing to Eternal's funding round.
Bling CapitalInvestorCompanyA venture capital firm participant in the seed round of funding for Eternal.